Freegold Ventures Limited · TSX:FVL

Freegold Ventures — Investor Presentation (December 2022)

39 slides from Freegold Ventures's investor presentation, December 2022

  1. Slide 1: Freegold Ventures Limited

    FREEGOLD VENTURES December 2022 LIMITED FVL:TSX © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 1

  2. Slide 2: Cautionary Notes: Forward Looking Statements and Disclaimer

    CAUTIONARY NOTES: FORWARD LOOKING STATEMENTS AND DISCLAIMER This presentation contains “forward-looking information” which may include, but is not limited to, statements with respect to future financial or operating performance of the Freegold Ventures Limited, (the “Corporation”) its subsidiaries a

  3. Slide 3: Why Alaska?

    WHY ALASKA? • A stable jurisdiction • Long mining history • Significant, underexplored mineral resources • Native land claims resolved in 1971 • Top 5 in the Fraser Institute Investment Attractiveness Index (February 2021 Report) © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 3

  4. Slide 4: About Freegold

    ABOUT FREEGOLD • Vancouver based company focused on Gold and Copper exploration and development We have demonstrated expertise in developing resources and attracting major partners • Advancing GOLDEN SUMMIT through additional drilling and exploration • Continuing exploration at SHORTY CREEK • Increa

  5. Slide 5: Highlights

    HIGHLIGHTS Two major projects – Golden Summit • Significant gold resource with a major drill program undertaken • Since 2020 over 83,000 metres have been drilled • Considerable exploration potential remains – only one area of the project has been systematically explored Shorty Creek • A copper-gold

  6. Slide 6: Major Projects of Tintina

    MAJOR PROJECTS OF TINTINA © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 6

  7. Slide 7: Management

    MANAGEMENT Kristina Walcott Alvin Jackson Gordon Steblin President & CEO VP Exploration & Chief Financial Development Officer Market Capitalization $162 Million BOARD OF DIRECTORS SHARE CAPITALIZATION Ron Ewing - Chairman Alvin Jackson, P.Geo, Former Mining Executive – VP Exploration & Development (

  8. Slide 8: Located in a Prolific Gold District

    LOCATED • At both Golden Summit and IN A Fort Knox mineralization is associated with late PROLIFIC Cretaceous intrusives • Golden Summit also has GOLD significant mineralization within the meta-sediments DISTRICT (schist) surrounding the intrusive Golden Summit Fort Knox - Kinross Nearby, Fort Knox

  9. Slide 9: Golden Summit Current Pit Constrained Resource

    CURRENT PIT CONSTRAINED RESOURCE GOLDEN Tetra Tech PEA, January 2016 SUMMIT PIT CONSTRAINED GRADE TONNAGE CONTAINED (G/T) AU OUNCES US$1300 GOLD Initial Oxide heap leach (+80% recovery) – Indicated 0.69 61,460,000 1,363,000 top 70m – 0.54 g/t Au Inferred 0.69 71,500,000 1,584,000 Sulphide Processing

  10. Slide 10: Broad Zones Higher Grade Zones Below the Proposed Pit

    HIGHER GRADE ZONES BELOW THE BROAD PROPOSED PIT- 2016 PEA ZONES Evaluating the Cleary Hill Vein Swarm (CVS) both along strike and to depth aimed at increasing and expanding the overall pit constrained resource Delineating higher grade zones with closer drill spacing © 2022 FreegoldVentures 2022 Free

  11. Slide 11: Schematic Cross Section – Intrusive Related Gold Deposits

    0 SCHEMATIC Paleo Surface Advanced Argillic Epithermal Au-W-Bi –(Sn) Donlin Creek, CROSS Shallow Livengood, Brewery Creek Dike-sill hosted SECTION – Au-Ag-As-Sb-Hg Late and/or Distal Veins Ag-Pb-Zn- (Au-Sb-As) INTRUSIVE Contact Skarn Checkako Nixon Fork Shallow sheeted veins Ag-Pb-Zn (Au-Sb-As) RELA

  12. Slide 12: Golden Summit

    GOLDEN SUMMIT A New Chapter © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 12

  13. Slide 13: Golden Summit

    Large bulk tonnage gold deposit with potential for a higher-grade corridor along strike and at depth GOLDEN Road Accessible and Year-round exploration possible SUMMIT Exploration Ongoing Updated Resource planned for early Q1 2023 © 2022 Freegold Ventures Limited 13

  14. Slide 14: A Different Approach

    A DIFFERENT APPROACH Historically the Cleary Hill Mine was Photos: Cleary Hill Mine, 1939 developed on a series of narrow high- grade veins and the ore was hand sorted Drilling by Freegold intersected multiple narrow high-grade veins GSCL1221 – Cleary Vein Freegold recognized that these narrow high-

  15. Slide 15: Drill Plan Map GSDL2001

    DRILL PLAN MAP GSDL2001 Collared in the footwall of the Dolphin intrusive, it was designed to test for potential higher grades in the areas between Dolphin and Cleary © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 15

  16. Slide 16: GSDL2001

    GSDL2001 Collared in the footwall of the Dolphin intrusive, it was designed to test for potential higher grades in the areas between Dolphin and Cleary Intersected: Intense silification and veining throughout a broad zone The longest intercept of higher grade at Golden Summit to date and was hosted

  17. Slide 17: Drill Plan Map

    DRILL PLAN MAP Since 2020 over 83,000 metres have been drilled The program is designed to systematically test for broad zones of higher- grade mineralization and to expand the current pit- constrained resource Assays pending for 31 holes © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited

  18. Slide 18: The CVS

    THE CVS Cleary Vein Swarm Cleary Hill, Colorado, Wyoming, and Wackwitz veins are zones with a wealth of small high-grade veins Mineralization dips to the south surrounded by a broader and plunges to the southwest envelope of mineralization making an ideal bulk tonnage target CVS has the potential to

  19. Slide 19: Broad Zones

    BROAD Drilling in the Cleary Area continues to intersect broad zones of higher- grade mineralization at depth, like that seen in the Dolphin Area ZONES Mineralization dips to the south and plunges to the southwest Cleary Dolphin © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 19 © 202

  20. Slide 20: Dolphin

    DOLPHIN Multi-phase Dolphin intrusive is the driver of the mineralization found in the CVS – sheeted veins and stockworks Intrusive hosted sheeted quartz veins, stockwork veins and veinlets (tonalite and granodiorite- Dolphin) represent a significant portion of the current resource © 2022 FreegoldVe

  21. Slide 21: Dolphin

    DOLPHIN GS2206 GS2206 583.6 – 586.1m 538.6 – 586.1m Multi-phase Dolphin intrusive is the driver of the mineralization found in the CVS – sheeted veins and stockworks Examples of tonalite and granodiorite veins styles found in the Dolphin GS2125 Sheeted Veins © 2022 FreegoldVentures 2022 Freegold Ven

  22. Slide 22: Cleary Intrusive at Depth

    INTRUSIVE AT DEPTH ON CLEARY CLEARY Intrusive has been intersected at depth in the Cleary Zone well south of the historical workings © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 22 © 2022 Freegold Ventures Limited

  23. Slide 23: Cleary Intrusive at Depth

    INTRUSIVE AT DEPTH ON CLEARY CLEARY Intrusive dykes similar to that seen in the Dolphin © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 23 © 2022 Freegold Ventures Limited

  24. Slide 24: Dolphin/Cleary Mineralization in the Surrounding Schist

    MINERALIZATION IN THE SURROUNDING DOLPHIN/ SCHIST AT BOTH CLEARY AND DOLPHIN CLEARY CLEARY GS2125 486.6–489.8m 3.2m @ 3.69 g/t Au DOLPHIN GS2127 - 234.4 –235.4m GS2125 – 489.8 – 492.9m 3 metres @ 36.8 g/t Au 3.1m @ 9.53g/t Au © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 24 © 2022 F

  25. Slide 25: Drill Plan Map

    DRILL PLAN MAP Indicating location of section 479000E Since 2020 over 83,000 metres have been drilled Over 35,000 assays completed Holes are assayed from top to bottom © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 25

  26. Slide 26: Section 479000E GS2108

    479000E GS2108 Drilled on the northern side of the Tolovana Vein 1.47 g/t /281.9m Zone intersected 55.2 metres grading 3.34 g/t Au within a broad zone of 281.9 metres grading 1.47 g/t Au 1.53 g/t /41.1m Historical Mapped Veins Existing Resource Area © 2022 FreegoldVentures 2022 Freegold Ventures Lim

  27. Slide 27: Drill Plan Map

    DRILL PLAN MAP Indicating location of section 479350E © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 27

  28. Slide 28: Section 479300E

    479300E Drilling to the north of the contact of the Dolphin intrusive. Continues to show broad 1.76 g/t/53.2m zones of +1g/t mineralization with 0.86 g/t 268.3m significant sections better 4.81 g/t /52.7m than 1.5 g/t Au. Shallowing of the mineralization to the Historical Mapped Veins north as proje

  29. Slide 29: Vein Swarms – More Resources?

    MORE RESOURCES? VEIN SWARMS Systematic drilling has primarily been confined to the Dolphin/Cleary Area A significant number of vein swarms and occurrences remain to be evaluated Historical Mapped Veins Potential for larger mineralized envelopes to surround these narrow Existing Resource Area high-gr

  30. Slide 30: Gold in Soils – Gold Geochemistry

    GOLD GEOCHEMISTRY – GOLD IN MORE RESOURCES? SOILS Over 6.75 million ounces of placer gold produced from the streams that drain the project area Extensive Soil Coverage Numerous gold in Soil anomalies >100 ppb in soils over 12.5km Ground geophysics (CSAMT & AMT) recently completed to further refine d

  31. Slide 31: Exploration 2022

    2022 EXPLORATION Resource expansion drilling– updated resource expected early Q1 2023 – awaiting assays Testing the Cleary Vein Swarm (CVS) at depth and the area to the south – including the Wyoming, Wackwitz along strike and to the east Additional metallurgical test work Follow-up drilling on geoph

  32. Slide 32: Shorty Creek

    SHORTY CREEK A New Porphyry District © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 32

  33. Slide 33: Shorty Creek

    SHORTY CREEK 125 km northwest of Fairbanks 328 State of Alaska mining claims (~ 31,000 acres) Long term lease agreement subject to a 2% NSR Copper Gold Porphyry Potential © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 33

  34. Slide 34: Shorty Creek Multiple Target Areas

    MULTIPLE TARGET AREAS SHORTY CREEK Multiple targets in a 100 sq km area Mineralization appears to be associated with the magnetic highs Copper, gold, silver and tungsten mineralization Hill 1835 – already represents a significant target area © 2022 FreegoldVentures 2022 Freegold Ventures Limited Lim

  35. Slide 35: Hill 1835

    HILL 1835 Copper mineralization primarily associated with magnetic high Magnetic anomaly covers a 1,000m x 1,500 metre area Only one of the target areas on the property Ground Magnetics with DDH Locations – Hill 1835 © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 35 © 2022 Freegold V

  36. Slide 36: Hill 1835 2015/2016 Drilling

    HILL 1835 2015/2016 DRILLING SC 15-03 – Freegold Discovery Hole Determined copper mineralization is directly associated with magnetic high From To Metres (m) Cu Eq % Cu% Au ppm Ag ppm W03% 78.6 371.2 292.6 0.37 0.26 0.12 3.23 NSV 279.8 371.2 incl 91.4 0.71 0.55 0.14 7.02 NSV SC 16-01 125 metre step

  37. Slide 37: Broad Zones of Mineralization Hill 1835

    BROAD ZONES OF MINERALIZATION HILL 1835 SC 17-01 100 metre step out from Hole 16-01 From To Metres (m) Cu Eq % Cu% Au ppm Ag ppm W03% 83 443 360 0.43 0.24 0.07 4.04 0.03 Incl 87 0.63 0.30 0.09 5.0 0.06 SC 17-02 125 metre step out from Hole 17-01 From To Metres (m) Cu Eq % Cu% Au ppm Ag ppm W03% 77 4

  38. Slide 38: Not Just Copper

    NOT JUST COPPER • Significant Tungsten values • Recoverable by a gravity circuit Hole Number W03 © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 38

  39. Slide 39: Discovery, Exploration, & Production Experience

    DISCOVERY, EXPLORATION, & PRODUCTION EXPERIENCE Well located, Freegold’s projects are continuing to deliver exciting results with significant additional discovery potential Ongoing Drill Results Updated Mineral Resource Estimate – Golden Summit early Q1 2023 FVL:TSX OTCQX: FGOVF © 2022 FreegoldVentu

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